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(TORNTPOWER) Torrent Power complete technical analysis [charts+indicators] | Buy/Sell Torrent Power | (TORNTPOWER) share price targets

Complete technical analysis of Torrent Power (TORNTPOWER) by charts plus indicators, forecast predictions and share price targets for Torrent Power (TORNTPOWER)

Torrent Power trades in NSE in Electric Utilities sector.

Showing technical analysis as on 2024-10-07 View latest technical analysis

10 day averaged volume of Torrent Power is 740858

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	1799.45	1890.80	1900.00	1773.10	0.674 times
04 Fri Oct 2024	1890.70	1857.90	1900.00	1791.00	0.737 times
03 Thu Oct 2024	1857.85	1842.50	1865.00	1830.00	0.399 times
01 Tue Oct 2024	1861.70	1880.00	1887.90	1851.10	0.648 times
30 Mon Sep 2024	1878.00	1900.00	1949.45	1867.75	1.014 times
27 Fri Sep 2024	1907.80	1934.95	1957.30	1895.05	1.249 times
26 Thu Sep 2024	1889.40	1890.00	1917.00	1852.65	1.01 times
25 Wed Sep 2024	1886.90	1909.05	1929.95	1867.05	0.761 times
24 Tue Sep 2024	1915.30	1866.00	1930.00	1865.00	1.427 times
23 Mon Sep 2024	1862.00	1909.25	1921.10	1850.00	0.744 times

My analysis of stock is bearish for shortterm, and stock might move down till 1746.7 or till 1650.7. Use a stoploss of 1826.76 and if the stock hits stoploss, then it can shoot up till 1906.8

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1295.10
Downside Target	1450.00
Downside Target	1620.05
Downside Target	1745.05
Upside Target	1850.00
Upside Target	1896.00
Upside Target	1900.00
Upside Target	1908.00
Upside Target	1949.45
Upside Target	1957.30
Upside Target	1969.90

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1748.37
Downside Intraday Target	1697.28
Upside Intraday Target	1875.27
Upside Intraday Target	1951.08
Upside Intraday Target	1824.18

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	1799.45	1890.80	1900.00	1773.10	0.241 times
04 Fri Oct 2024	1890.70	1900.00	1949.45	1791.00	0.539 times
27 Fri Sep 2024	1907.80	1909.25	1957.30	1850.00	0.287 times
20 Fri Sep 2024	1902.05	1769.90	1969.90	1745.05	4.817 times
13 Fri Sep 2024	1763.00	1688.05	1776.00	1659.80	0.85 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Torrent Power (TORNTPOWER)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	1799.45	1880.00	1900.00	1773.10	0.076 times
30 Mon Sep 2024	1878.00	1743.50	1969.90	1659.80	1.151 times
30 Fri Aug 2024	1743.50	1865.00	1896.00	1620.05	0.838 times
31 Wed Jul 2024	1866.45	1490.10	1908.00	1450.00	3.094 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Torrent Power (TORNTPOWER)

Price action analysis of Torrent Power ( (TORNTPOWER) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Torrent Power ( (TORNTPOWER) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Torrent Power ( (TORNTPOWER) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Torrent Power stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Torrent Power in short term but the sell signal is initial and weak.

Torrent Power Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Torrent Power in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Torrent Power is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1882.01 and Torrent Power (TORNTPOWER) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Torrent Power (TORNTPOWER) stock. Volume based technical analysis of Torrent Power (TORNTPOWER) stock is negative.

Torrent Power Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.